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Apr 20, 2013 6:30pm EDT
to do when that happens. thereg garcia represents financial services industry. former homeland security assistant secretary for cybersecurity. when it comes to financial youitutions, how do prevent attacks? what attacks are happening? >> attacks are always evolving. for the financial services sector most recently we have seen so-called distributed denial of service attacks, a way of flooding a network with information requests that cause a slowdown or a stop in service. cyber criminals are after money , as was willie sutton in the days of robbing banks. they are after intellectual property. lots of information. the attacks and threats are constantly evolving. the banks are very well prepared for that. they invest hundreds of millions of dollars in preventative measures, in various high-tech staff who have great expertise in this area. i am representing the financial services information sharing and analysis enter which is a grouping of banks and financial institutions that gather together their collective intelligence, share information about threats and vulnerabilities and collectively
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